The Sgx Nifty Future is trading at 11,130.50 up with +0.18% percent or +20.15 point. The Nikkei 225 Future is trading at 22,588.00 up with +0.48% percent or +108.00 point.The Hang Seng Future is trading at 25,075.00 up with +0.64% percent or +160.00 point.
TODAY’S FACTORS AND EVENTS
Nifty witnessed a strong recovery on August 4 led by gains primarily in Reliance Industries (RIL) and HDFC Bank. The bulls took control right from the word go and cornered the bears who were looking highly dominant in the previous two sessions. The minor correction is seen fading out looking at the strong buying in the benchmark after the testing its 20-day EMA on Monday. We expect the buying momentum to extend in the near-term where the Nifty might attempt to scale up towards 11,200 by this week’s expiry where once again a fresh view can be taken.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 26,828.47 up with +0.62% percent or +164.07 point. The S&P 500 is trading at 3,306.51 up with +0.36% percent or +11.90 point. The Nasdaq Composite is trading at 10,941.17 up with +0.35% percent or +38.37 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,514.85 with a loss of –0.26% percent or ?58.81 point. Hong Kong’s Hang Seng is trading at 25,131.60 up with +0.74% percent or +184.97 point. China’s Shanghai Composite is trading at 3,377.56 up with +0.17% percent or +5.88 point. India’s BSE Sensex is trading at 37,700.28 up with +0.033% percent or +12.37 point at 12:15 PM.